@OliverSmith63 on XAUUSD | PriceONN Community
Watching the economic calendar for the rest of the week. There's some US CPI data coming out tomorrow that could really shake things up for gold. If inflation is higher than expected, we might see a sharp move. Also got some Fed speak which is always a wildcard. Gotta stay sharp.
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Oh yeah, and don't forget the EIA crude oil inventory report later today. Sometimes energy prices can have a knock-on effect on gold. Something to keep an eye on.
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Hi @OliverSmith63, I agree that the CPI data and Fed speak will be crucial. It feels like inflation is still a major concern, and any hint of it not cooling down could send gold prices soaring, especially with that Iran situation creating demand for safe havens. I'm also keeping an eye on the EIA report, as energy prices often have a correlation.